Total figures become clearer now
We can see a strong resistance appear at 38 and was tested several times now.
So if this resistance is broken the signal will be a strong buy.
We also have a good support at 36.
Between 36 and 38 some trades can be made.
And if 36 support is broken, we may go to 34 wich is the december's resistance
And after 34 we have a resistance at under 32.
There is maybe a mini gap to reach at 33 but i prefer to let the graph simplier.
Personal, I'm waiting to see if good or bad news are coming to give another tendancy to the stock.
It looks like the market is doing the same with this flat figure last week
We already increased a lot so maybe we see a strong correction and if it the case you have the entry points in this analysis :)
So if this resistance is broken the signal will be a strong buy.
We also have a good support at 36.
Between 36 and 38 some trades can be made.
And if 36 support is broken, we may go to 34 wich is the december's resistance
And after 34 we have a resistance at under 32.
There is maybe a mini gap to reach at 33 but i prefer to let the graph simplier.
Personal, I'm waiting to see if good or bad news are coming to give another tendancy to the stock.
It looks like the market is doing the same with this flat figure last week
We already increased a lot so maybe we see a strong correction and if it the case you have the entry points in this analysis :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.